Biofuels Alliance with Chevron

In February 2008, Chevron and Weyerhaeuser announced the creation of a 50-50 joint venture company focused on developing the next generation of renewable transportation fuels from nonfood sources. The joint venture, Catchlight Energy LLC, will research and develop technology for converting cellulose-based biomass into economical, low-carbon biofuels. The formation of Catchlight Energy is the first milestone of a biofuels alliance announced by Chevron and Weyerhaeuser in April 2007.

The partnership reflects the view that cellulosic biofuels will fill an important role in diversifying the nation's energy sources and addressing global climate change by providing a source of low-carbon transportation fuel. Many states nationwide are seeking opportunities to diversify fuel sources with secure, renewable, low-carbon and environmentally sustainable alternatives. Ethanol produced from biomass such as forest and agricultural waste does not conflict with food supply sources such as corn and is considered greenhouse-gas-neutral when derived from sustainable management practices, providing climate change benefits.